CO OPERATIVE BANK INVESTMENT FUND
POS AMI, 1996-04-10
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                         Bank Investment Fund
                         75 Park Plaza
                         Boston, Ma. 02116-3934


                                        April 10, 1996


Mr. Anthony Fortuno
Senior Special Counsel
Division of Investment Management
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

Re: Co-Operative Bank Investment Fund
    File No. 811-4421
    Amendment No. 15, Form N-1A

Dear Mr. Fortuno:

     The Bank Investment Fund submitted electronically through,
the Edgar System, Amendment No. 15, dated March 28, 1996 to it's
N-1A.

     This letter is sent to request that the filing header (type)
be changed from N-1A to POS AMI.  The need for this correction
was brought to the attention of our counsel, John Collins by Mr.
Briccio Barrientos from the staff of the Division of Investment
Management.

     We understand that by submission of this clarification
letter, retransmittal of the entire amendment will not be
required.

     Thank you for your assistance and attention in this regard.
Please telephone me at 617-695-0400 or (fax) 617-695-1464 should
you have any question or comments in this regard.


                              Sincerely,

                              /s/William F. Casey, Jr. 
                              William F. Casey, Jr. 
                              Executive Vice President

cc: Mr. Briccio Barrientos
    Division of Investment Management
    Mr. John Collins, Esq.
     Steptoe & Johnson


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